Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Jan. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill activity for 2021 and 2020 was as follows:


	Wendy’s U.S.		Wendy’s International		Global Real Estate & Development		Total
Balance at December 29, 2019:
Goodwill, gross	$	602,491	$	40,269	$	122,548	$	765,308
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	602,491		30,872		122,548		755,911
Changes in goodwill:
Restaurant dispositions (b)	(5,394)		—		—		(5,394)
Currency translation adjustment and other	(223)		755		—		532
Balance at January 3, 2021:
Goodwill, gross	596,874		41,024		122,548		760,446
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	596,874		31,627		122,548		751,049
Changes in goodwill:
Restaurant acquisitions	23,442		—		—		23,442
Restaurant dispositions (b)	547		—		—		547
Currency translation adjustment and other	—		240		—		240
Balance at January 2, 2022:
Goodwill, gross	620,863		41,264		122,548		784,675
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	$	620,863	$	31,867	$	122,548	$	775,278

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(a)Accumulated impairment losses resulted from the full impairment of goodwill of the Wendy’s international franchise restaurants during the fourth quarter of 2013.

(b)During 2020, in connection with the Company’s plan to sell 43 Company-operated restaurants in New York (excluding Manhattan) in the second quarter of 2021, goodwill of $5,394 was reclassified to assets held for sale. The goodwill allocated to the sale was decreased by $568 during 2021 upon final disposition of the restaurants. In addition, during 2021, goodwill of $21 was reclassified to assets held for sale in connection with the Company’s sale of its four Manhattan restaurants. See Note 4 for further information.

Schedule Of Finite Lived And Indefinite Lived Intangible Assets

The following is a summary of the components of other intangible assets and the related amortization expense:


	Year End
	January 2, 2022						January 3, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Indefinite-lived:
Trademarks	$	903,000	$	—	$	903,000	$	903,000	$	—	$	903,000
Definite-lived:
Franchise agreements	349,391		(220,663)		128,728		349,255		(203,938)		145,317
Favorable leases	159,488		(62,136)		97,352		163,015		(55,581)		107,434
Reacquired rights under franchise agreements	91,111		(4,732)		86,379		9,872		(3,414)		6,458
Software	234,574		(169,242)		65,332		206,741		(143,990)		62,751
	$	1,737,564	$	(456,773)	$	1,280,791	$	1,631,883	$	(406,923)	$	1,224,960

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense


Aggregate amortization expense:
Actual for fiscal year:
2019	$	53,182
2020	52,588
2021	55,236
Estimate for fiscal year:
2022	$	53,690
2023	49,919
2024	45,315
2025	38,088
2026	32,234
Thereafter	158,545